- NFT marketplace is the hub for their minting, promotion, buying, and selling.
- The white-label solution helps developers build their marketplace.
The NFT storm, which started with the strong winds of 2021, has now shown its effect over almost all of the crypto space. Digital artists, investors, users, and developers, all realized the potential of these unique digital assets and helped them climb higher with time.
Non-fungible Tokens (NFTs) are digital assets over blockchain that differ from others in their uniqueness and the proof of authenticity they carry. They provide ownership to their users and anything, including, songs, digital artwork, paintings, digital real estate, tickets, and others, can be minted into NFTs.
The NFT marketplace is the platform where users engage themselves in listing, promoting, selling, and buying these NFTs. They often come with project details, the original creator, the base price, major holders, and other data, helping investors make an informed choice before putting out their money.
However, the current NFT marketplace landscape is not well portrayed and suffers from major issues. Finding the right NFT project is still challenging, as many projects are listed only on dedicated platforms, and users need to continuously switch between websites. Minting NFTs has become expensive lately, with platforms even demanding a commission from the profits. The high gas fees associated with NFT transactions can upset several users and naive investors.
Although the popularity of NFTs continues to grow, the original creators and developers can hardly make a profit from sales. Existing artists may perform well because of an established name and community support, but emerging artists may suffer from a lack of robust promotion and marketing channels. They are left with self-promotion and encounter challenges in building the fanbase and community around their project, which is the primary factor for success.
NFTing And White Label Solutions
NFTing boats itself as the first search engine for NFTs in the crypto space and the central hub for all NFTs. Through it, people can search for any project, regardless of its minting chain or listed marketplace. The platform is multilingual, cross-chain compatible, and charges fees much lower than other marketplaces. NFTing also provides its white-label solution to creators and young developers.
A white label solution is a package containing tools, platforms, and technology to help developers create their own highly customizable and user-centric marketplace. It provides the basic architecture and a standard model to prevent them from starting from scratch and spending their resources on creativity.
These help brands create platforms that align with their vision and create their brand voice. The user-friendly interface helps users navigate the website hassle-free and even without much technical know-how. They come with advanced security features like two-factor authentication, smart-contract audits, and encryption, building a secure NFT ecosystem for users.
The white-label solution by NFTing comes with several features that set it apart from competitors. Some of them are the inbuilt minting and trading capabilities, the data analytics tool and trading indicators, cross-chain compatibility, and multilingual customer support.
The developers are given complete control of the admin platform with unimagined customization, helping them to choose what they need to broadcast on their platform, engage the audience through newsletters and incentivize users to promote their marketplace.
Conclusion
The search filter feature helps users choose a project of their taste from the thousands of them scattered in the crypto space. The platform also uses machine learning (ML) to provide advanced recommendations to users and inform them of the latest NFT projects. NFTs hold promising potential in the future and entrepreneurs, artists, and developers, who wish to be on the trend, should consider white-label solutions.